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economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull something surprising. one of the things in the run-up to the election that was a case to be made for governor romney, investors thought he might be able to shop congress, surprised the situation back into alignment. the president has to bring both sides together and have talked going to an off site meeting somewhere and having a more bipartisan cabinet collected in order to bring unity. but he has to do something surprising. >> this is a self-inflicted wound, isn't it? >> absolutely. the compromises that we made to raise
economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull...
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the slowing economy here in the u.s. as well as in europe that's where mickey d's does 40 percent of the business is taking a toll. even in mcdonalds it typically thrives in these tough economic times because the menu is a inexpensive and they change it up a lot because people like it and even they are taking a hit. >> lauren simonetti thanks so much. >>> thanks patti ann. it's time to get our weather update with janice dean. are we seeing any more winter weather? >> the northeast gets a period of dry weather and warmer temperatures. but the west it's their turn they are going to see wintery weather. let's talk about the last storm system finally exiting the coast we are dealing with dry conditions and a warming trend. however across the west we have winter weather advisory for many states including blizzard warnings for the state of montana. we could see over a foot of snow heavy snow gusts 40-50 miles an hour. travel going to be next to impossible across the northern rockies the northern plains states. look at all of t
the slowing economy here in the u.s. as well as in europe that's where mickey d's does 40 percent of the business is taking a toll. even in mcdonalds it typically thrives in these tough economic times because the menu is a inexpensive and they change it up a lot because people like it and even they are taking a hit. >> lauren simonetti thanks so much. >>> thanks patti ann. it's time to get our weather update with janice dean. are we seeing any more winter weather? >> the...
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as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets a bit, shep. >> shepard: ed on a matter when presidents reach a second term we have a big turnover in cabinet positions that looks like that's coming here. >> we are expecting several of the big jobs, including secretary of state will turn over. hillary clinton said above the election that she was not going to stick around for a second term. she wants to get out, recharge her batteries. some the names being ban teed about include senator john kerry, somebody very prominent and helped prep the president for the debate. susan rice the u.n. ambassador has al
as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets...
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the economy could slow even more, and that could mean another painful recession. i'm grace lee, cbs 5. >>> a new study suggests a link swine associate owe economic -- between socioeconomic status and peanut allergies. it is believed that growing up in a clean environment might suppress the immune system. the meaning? a "oversanitized lifestyle," their words, could lead to the increase of peanut allergies. >>> people standing in the rain demanded an immediate roll back of tuition. >> we don't need to refund tuition, we need to restructure it. >> the proposition 30 money is not designated for use c funding. -- for uc funding. it's meant to prevent cuts. >>> thses a view from chopper 5 near the newly-opened paragon outlet. gerrianne goodwin says the shopping is still going on. >> reporter: it looks like the day after christmas. all of these shoppers are going strong until 11:00 tonight when this outlet finally closes, and all of these people have a story about how they got here they were stuck in traffic. once they got here, they said it was worth it. >> reporter: it
the economy could slow even more, and that could mean another painful recession. i'm grace lee, cbs 5. >>> a new study suggests a link swine associate owe economic -- between socioeconomic status and peanut allergies. it is believed that growing up in a clean environment might suppress the immune system. the meaning? a "oversanitized lifestyle," their words, could lead to the increase of peanut allergies. >>> people standing in the rain demanded an immediate roll...
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believe, though, that the majority of americans would believe that incurring more debt is good for our economy, for our children's future, for job creators. >> it's not a traditional america anymore, and there are 50% of the voting public who want stuff. >> i cannot believe that the majority of americans would believe that it's okay not to follow the constitution and not have a budget. >> who is going to give them things? president obama. people feel that they are entitled to things. ( laughter ). ( booing ). >> jon: holy ( bleep ) balls. what an incredible story to tell yourselves. "we would have won if it weren't for the moral failings of the the none real america. it's white people judo." fox lost because last night minorities who feel entitled to things, came and took the country away from the self-sufficiency, white medicare retirees and upper class tax-avoidance experts, or as they're also known-- your audience. we'll be right back. ( cheers and applause ) >> jon: welcome back. last night brought a big storm to ( bleep ) mountain of which the citizens were unrepaired having relied o
believe, though, that the majority of americans would believe that incurring more debt is good for our economy, for our children's future, for job creators. >> it's not a traditional america anymore, and there are 50% of the voting public who want stuff. >> i cannot believe that the majority of americans would believe that it's okay not to follow the constitution and not have a budget. >> who is going to give them things? president obama. people feel that they are entitled to...
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economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse looks like that's why policymakers labeled the banks too big to fail and bail them out to prevent total collapse but today these banks are even bigger and thanks to globalization their tentacles are wrapped around the entire world's economy it would just be the united states imploding the next time these giants fall take out much of planet earth itself this is the danger of raw unfettered unregulated laissez faire capitalism this is where the demands for higher and higher quarterly profits take down the company the economy eventually companies be
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what...
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president obama is addressing the nation live on the economy. we're not going to be caught by surprise with an unexpected offense. the budget director answering questions about the 2013 budget. a $2.9 billion blueprint that closes the deficit with a mixture of cost cutting, consolidations, new or increased taxes. the combination of tax hikes expected to rise over $200 million. and also balance the budget of variety casts consolidating extra office space. reducing costs. in fact that is the sticking point right now. the meeting is running along here. commissioners debating the issue of funding for a hospital system. nevertheless a vote on the budget expected to take place here shortly. today the union issued a statement saying no agreement was reached. the next negotiation meeting is planned for tuesday november 13th. if you're an illinois homeowner insured by state farm, get ready to pay a little more. the bloomington, illinois based company has announced a four point seven percent raise in homeowners' insurance. state farm insures one out of ev
president obama is addressing the nation live on the economy. we're not going to be caught by surprise with an unexpected offense. the budget director answering questions about the 2013 budget. a $2.9 billion blueprint that closes the deficit with a mixture of cost cutting, consolidations, new or increased taxes. the combination of tax hikes expected to rise over $200 million. and also balance the budget of variety casts consolidating extra office space. reducing costs. in fact that is the...
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it could also plunge the economy back into a recession. hitting our region particularly hard. >>> mayor michael bloomberg has ordered new york city to begin rationing gasoline starting today. this is the first time this has happened since the 1970s. of course the response to the ongoing gas crisis that has closed hundreds of gas stations. desperate drivers have been waiting in line for hours to fill up their tanks, sales are being restricted to cars with even numbered license plates on even days and odd numbered on odd days. new jersey was the first to embrace rationing last saturday. long island is also rationing gas. >>> black friday so last year. how about black thursday? or whenever you want. sears is announced that customers can shop the store's door buster discounts starting november 18th. get out the calendar. five days before black friday. that will put sears first in line to offer black friday deals this year. wal-mart also announced this week it would get the discount shopping started just after thanksgiving dinner with doors ope
it could also plunge the economy back into a recession. hitting our region particularly hard. >>> mayor michael bloomberg has ordered new york city to begin rationing gasoline starting today. this is the first time this has happened since the 1970s. of course the response to the ongoing gas crisis that has closed hundreds of gas stations. desperate drivers have been waiting in line for hours to fill up their tanks, sales are being restricted to cars with even numbered license plates on...
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from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if t
from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and...
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that could send the economy spiraling back into a recession. white house correspondent brianna keilar is live from washington, d.c. this morning. good morning, brianna. could they actually come to some kind of negotiated agreement in the next 5 d3 days with this la duck congress? >> reporter: they would have to come to some sort of agreement on tax reform and stop gap measure. they really have to. cbo said yesterday if we hit the fiscal cliff you would see unemployment jump about two point points. we would go into a recession next year. they really need to do it. when you listen to house speaker john boehner saying tax rates can't go up and you listen to president obama say if tax rates don't go up i'll veto something, it seems like there's no middle ground but there might actually be. listen to what john boehner said about being reasonable. some rhetoric that's very con silltory. >> we talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and
that could send the economy spiraling back into a recession. white house correspondent brianna keilar is live from washington, d.c. this morning. good morning, brianna. could they actually come to some kind of negotiated agreement in the next 5 d3 days with this la duck congress? >> reporter: they would have to come to some sort of agreement on tax reform and stop gap measure. they really have to. cbo said yesterday if we hit the fiscal cliff you would see unemployment jump about two...
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region hardest given the large federal work force and a local economy largely built around the federal government. democrats want to let bush era tax breaks for the wealthiest americans expire while republicans prefer raising money through tax reform. leaders of both parties say they want to work together but as the president prepares to address the issue today, there is little time left. >> people making all this money have to contribute a little bit more. and all the exit polling, all the polling we've done, the vast majority of the american people support that including rich people. >> reporter: the balanced approach isn't balanced if it means higher taxes on small businesses that are the key to getting our economy moving again and keeping it moving. >> reporter: a new report by the congressional budget office says that if sequestration is allowed to happens, those automatic cuts and tax increases, that the nation would go back into a recession and unemployment would rise above 9%. certain entitlement programs such as social security and medicaid are exempt from any cuts that would
region hardest given the large federal work force and a local economy largely built around the federal government. democrats want to let bush era tax breaks for the wealthiest americans expire while republicans prefer raising money through tax reform. leaders of both parties say they want to work together but as the president prepares to address the issue today, there is little time left. >> people making all this money have to contribute a little bit more. and all the exit polling, all...
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china's cities are boom, but prosperity didn't reach many rural areas, and now the economy is slowing. if you could come up with one drd to describe your life in this village, what would it be? >> "hard" says farmer jin dengshan. he, his wife, and three young thldren live in rural henan province on $800 a year they earn selling mushrooms. they were part of the 128 million chinese who subsist on less than $1.25 a day. "i resent rich people" he said. "it's so unfair." is neighbor, upon it jin xinzhen, said he's too poor to d.t married. "we are like 1,000 miles away from the rich. we couldn't catch up if we had a rocket," he said. when they instituted capitalist reforms, china's leaders said to get rich is glorious. oday, hu jintao warned of aocial unrest if new leaders fail to narrow the income gap. bill whitaker, cbs news, revealin >> pelley: u.s. navy seals are part of an elite force that operates in the shad shadows, best known for killing osama bin laden. but our pentagon correspondent david martin has learned a group of seals is being disciplined rairevealing secrets. >> reporter:
china's cities are boom, but prosperity didn't reach many rural areas, and now the economy is slowing. if you could come up with one drd to describe your life in this village, what would it be? >> "hard" says farmer jin dengshan. he, his wife, and three young thldren live in rural henan province on $800 a year they earn selling mushrooms. they were part of the 128 million chinese who subsist on less than $1.25 a day. "i resent rich people" he said. "it's so...
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i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is proposing under his $4 trillion plan. i'm curious your take why the president has been silent. i guess this is strategic. boehner gave an interview a press conference. he's giving a press conference tomorrow. earlier cnn was told the president won't say anything but tonight we heard he'll make a statement tomorrow. >> the election was two days ago. today is thursday. he'll make a statement tomorrow. markets are volatile and reacting. that's why the president wants to say something before he goes asia. we do need to hold down spending. no question. nobody is suggesting that this compromise is not going to i
i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is...
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this will bring jobs home, result in a stronger, healthier economy and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground and i hope the president will respond today in that same spirit. that is on wednesday. this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. with that, i will be happy to answer some questions. >> [inaudible]. >> when the president and i have been able to come to an agreement there has been no problem getting it passed here in the house. >> [inaudible]. >> well, clearly, the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i
this will bring jobs home, result in a stronger, healthier economy and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground and i hope the president will respond today in that same spirit. that is on wednesday. this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president...
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motels and she's able to see that people are suffering from nightmares because of the state of the economy and the state of our money she says so here's a central banker who is one of the targets he's the next in line behind george osborne people and he's trying to say it's irrational fears like the german population are children and babies and should be patted on the back by mommy and told that all is ok or gold is fine but he then goes on to say you can be assured that we are confident that our gold is in safe hands with with you and he's referring he's actually talking to the head of the new york federal reserve bank here he's saying we're we're confident and safe with you and then he goes the days in which hollywood germans such as garrett for obama better known as goldfinger and east german terrorist simon gruber masterminded gold heists in u.s. vaults are long gone nobody can seriously imagine scenarios like these which are reminiscent of a james bond movie with goldfinger playing the role of a us fed accounting clerk well it's something else interesting that people are starting to w
motels and she's able to see that people are suffering from nightmares because of the state of the economy and the state of our money she says so here's a central banker who is one of the targets he's the next in line behind george osborne people and he's trying to say it's irrational fears like the german population are children and babies and should be patted on the back by mommy and told that all is ok or gold is fine but he then goes on to say you can be assured that we are confident that...
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can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility in boehner. the kwereal question's going to mitch mcconnell and whether senate democrats can get enough republicans -- bob corker, a key player and some of the other republicans already on the senate side have been talking. there's the gang of eight. olympia snowe working really hard on doing this before she retires. kent conrad on the democratic side. i think there is a deal. but as we've seen with the grand bargain, it can slip away very, very closely. the fact is there was a house gop caucus conference call, and they said they wanted to give the leadership some runn
can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility...
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first of all weakness in europe's economy and concerns we'll fall over the fiscal cliff. this had some investors selling stocks in order to lock in gains and avoid possibly paying a higher tax in 2013. it also has investors selling stock because they fear we'll see a slowdown in the economy if we go over the cliff and of course that could mean a weaker market. speaking of a weaker market it's set up for the worst weekly performance in five months. back to you. >> not good. mary thompson at the new york stock exchange, thanks. >>> seven members of the navy seal team 6 have been disciplined for acting as paid consultants providing classified information to the makers of a popular video game called medal of honor. one of the punished seals was involved in the mission that took down osama bin laden last year. the punishment is nonjudicial meaning that the seals aren't heading to jail. >>> an iranian jet fired on a u.s. military drone for the first time in acknowledged history. the drone was flying over international waters in the persian gulf on november first and according t
first of all weakness in europe's economy and concerns we'll fall over the fiscal cliff. this had some investors selling stocks in order to lock in gains and avoid possibly paying a higher tax in 2013. it also has investors selling stock because they fear we'll see a slowdown in the economy if we go over the cliff and of course that could mean a weaker market. speaking of a weaker market it's set up for the worst weekly performance in five months. back to you. >> not good. mary thompson...
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the president speaks on the economy and the election. we'll and his tone today. new questions on libya that steve hayes is here to analyze. martha and i will see you on a friday edition of "america's newsroom," top of the hour >> brian: yesterday the pentagon confirming just days before the election, iranian jets tried twice to shoot down an unmanned u.s. drone, unmanned and unarmed u.s. drone over international waters and failed. the news came out yesterday. many this morning are asking, why now? are we finding out about it. joining us is fox news strategic analyst and author, lieutenant colonel ralph peters. did they try and shoot down this unarmed drone or just send use message? >> they absolutely wanted to shoot it down. the order would have come from the very highest levels and the iranians wouldn't have screwed around. a unmanned aircraft might have been different. they figured they could knock it down and get away with it. it was embarrassing for the iranians because they chose an interesting aircraft, an old russian aircraft, knockoff of our tank killer,
the president speaks on the economy and the election. we'll and his tone today. new questions on libya that steve hayes is here to analyze. martha and i will see you on a friday edition of "america's newsroom," top of the hour >> brian: yesterday the pentagon confirming just days before the election, iranian jets tried twice to shoot down an unmanned u.s. drone, unmanned and unarmed u.s. drone over international waters and failed. the news came out yesterday. many this morning...
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economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all
economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when?...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> sean: welcome back to eye special election edition of media mash, a weekly roundup of all the way, the liberal media tries to spin the news. this week, hollywood is not just gloating that barack obama won another four more years, they are making downright, disturbing, disgusting comments about all of this. brent bozel is here. welcome back. >> good. how are you. >> sean: got to start with our friend, thrill up his leg, chris matthews, i have to say in the final weeks and months of this campaig
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure...
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with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. ♪ [ cheers and applause ] >> jimmy: welcome back, everybody. we're with country music superstar, carrie underwood. here's her new cd right here, "blown away." it's great to see you again. now, we've known each other for a while. a lot of people might not know this, but we were actually a singing duo in the '90s. >> that's right. we were. >> jimmy: yeah, and we were called -- we were called jim carrie. [ laughter ] it was a little confusing because people thought they were coming to see jim carrey. >> right. >> jimmy: but our music was genius. what we did, we would sing country versions of popular rap songs. we invented a new genre of music called country rap. >> or crap. [ laughter ] >> jimmy: some people abbreviated it. that's true, yeah. c'rap. [ laughter ] but i actually have some footage from one of our shows. would you believe this? >> no. >> jimmy: you got to check this out. ♪ ♪ ♪ straight outta compton a crazy mother-effe
with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. ♪ [ cheers and applause ] >> jimmy: welcome back, everybody. we're with country music superstar, carrie underwood. here's her new cd right here, "blown away." it's great to see you again. now, we've known each other for a while. a lot of people might not know this, but we were actually a singing duo in the '90s. >>...
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the campaign today released tape of him speaking to his volunteers and know he will speak on the economy tomorrow. in that little bit we heard from the president, we heard some gesturing towards stuff he might want to get done in his second term and might want to get started with. we're expecting something in terms of economic policy. climate change, immigration, conduct of elections and reforming that process. with more democrats in the senate and with -- i think democrats picking up seats in the house, too, despite all the things you just said, what do you think is possible? >> that's a good point. one other thing you reminded me of when you mentioned climate change. the storm did help the president. the man did his job very well, much better than his republican predecessor. that's cheating. it brought on the endorsement of mike bloomberg. one of the things the storm did was to bring climate change to the fore. to that extent, if republicans got hurt because of the storm, because of the abysmal stupidity of the position denying climate change. the storm did remind people how wrong they
the campaign today released tape of him speaking to his volunteers and know he will speak on the economy tomorrow. in that little bit we heard from the president, we heard some gesturing towards stuff he might want to get done in his second term and might want to get started with. we're expecting something in terms of economic policy. climate change, immigration, conduct of elections and reforming that process. with more democrats in the senate and with -- i think democrats picking up seats in...
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Nov 9, 2012
11/12
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CNBC
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understand you won, you get those top tax rate expirations and in return we need to do something on the economy. >> guys, i love what you're saying but we've got to rise above in this country about who won and who lost. right? who cares? we're all going to lose if we don't fix it. when you look at the demographic profile of this country, right, and medicare spending and social security payments, 7,500 people every hour turning 60 years old. they're spending money on medicare, extracting probably more than they ever paid in, by far in some cases. post-obama, post-next president, whoever it is, they're looking to fix that now. >> the president was clear both today and in his budget that medicare and medicaid are on the table. tony wants social security to be on that table, too. that's worth having a discussion about. >> thank you, tony, final question to you. do the republicans have the political cajones to go to their base, the seniors and say, i'm sorry, you may not get everything you paid for because 30 years ago we didn't realize people were going to stop having kids. >> i think that's a ques
understand you won, you get those top tax rate expirations and in return we need to do something on the economy. >> guys, i love what you're saying but we've got to rise above in this country about who won and who lost. right? who cares? we're all going to lose if we don't fix it. when you look at the demographic profile of this country, right, and medicare spending and social security payments, 7,500 people every hour turning 60 years old. they're spending money on medicare, extracting...
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Nov 9, 2012
11/12
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KICU
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president obama will make his first postelection comments tomorrow on economy and america's impending fiscal clip. she will avoid tax cuts and spending cuts that will undermine the account economy. >>> wall street endured a second straight day of sauce losses. concerns about congressional gridlock on fiscal clip out weight encouraging news about another decline in weekly jobless claims. still coupons are taking after a disappointing report. analysts expected a slight profit. shares after hours are down 15% and now about 80% off a $20 per- share ipo price last november. >>> twitters says it accidentally reset passwords for a number of users after some accounts were hacked. think of this go micro blog over to a number of users about a suspected phishing scam and reset their passwords. other users have their passwords reset even though they were not compromised and twitter apologized. >>> traffic was gridlock in one part of the state as shoppers went to a new outlet mall. rob will tell us how that spending is expected to pay off big for the city of livermore. [ cheering ] >> champagne, c
president obama will make his first postelection comments tomorrow on economy and america's impending fiscal clip. she will avoid tax cuts and spending cuts that will undermine the account economy. >>> wall street endured a second straight day of sauce losses. concerns about congressional gridlock on fiscal clip out weight encouraging news about another decline in weekly jobless claims. still coupons are taking after a disappointing report. analysts expected a slight profit. shares...
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commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor and he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his lifestyle around reagan's lifestyle i mean obviously he was he was very well off but at the same time he was able to to connect with them on a very personal level to get that twinkle in his eye they feel that they like to able to connect with democrat with democratic crossover democratic independent voters who he appeal to mitt romney didn't have that appeal so it wasn't the same kind of you know steve i mean i'm kind of neutral here on this one ok but i'll give . you're a man what credit for he's a great campaigner i don't know if he's a great president i don't know if he's a great politician but he's a great campaign
commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor and he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his lifestyle around...
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Nov 9, 2012
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CNNW
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it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think that millenials are moving in a much more libertarian position when it comes to social issues. they might not necessarily be democrats but -- and they might not be republicans yet but i think that socially, libertarian is the direction the country is going. >> it may not be america's going liberal. what it is is rejecting extreme positions. i think the problem mitt romney got himself into, at his heart he's really a moderate. when you look at when he was governor in massachusetts, he wasn't that far right at all but he had to go muc
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think...
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Nov 9, 2012
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. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to discuss the so-called fiscal cliff. it's a major problem. it has to be solved by the end of the year. republicans and democrats have signaled they're ready to talk. but there's a major hurdle. a showdown's looming in washington, even as democrats and republicans strike a conciliatory tone post-election, both sides are set to collide over taxes. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> reporter: in an exclusive interview with abc news, house speaker john boehner drew a hard line on raising taxes. but opened the door of raising more revenue as part of a deficit reduction deal. >> i would do that if the president were serious about solving our spending problem and try
. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to discuss the so-called fiscal cliff. it's a major problem. it has to be solved by the end of the year....
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Nov 9, 2012
11/12
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CNBC
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saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited congressional leaders for a meeting at the white house next week on the fiscal cliff. that seems to mean, john, to me anyway, a little bit of progress. what type of tone do you expect, john, the president to take in this next address? >> sue, i expect him to be conciliatory and reaching out to republicans the way john boehner has tried to strike that mode on capitol hill. two different white house specialists just told me the president will walk out here and announce he's invited the bipartisan leadership of congress to the white house next week to begin talks on the fiscal cliff. i have to think there is a possibi
saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited...
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economists say it could push the economy back into a recession. lawmaker intrnz putting off get past elections. now, that happened. congress fails to act by the end of the year, spending cuts and tax increases will kick in, costing average american household about 3700s oodz that would take so much demand out of the economy that we might find ourselves in another recession. >> the labor secretary says nobody wants that.]n'ytlñ our political analyst says there is no deal in the works. >> right now they're not prepared. there is no agreement on basic principals. all we know is that cuts are looming and that cuts across the board are looming. >> speaker of the house john boehner appeared to dig in his heels on the suggestion of tax increases.. >> raising taxes on small business people is the wrong prescription given wheream> democratic stlat gist and former clinton advisor. >> i do think they get paid on the clinton play book on this. >> saying president needs to sell voters on a vision of compromise. >> the president doesn't mak
economists say it could push the economy back into a recession. lawmaker intrnz putting off get past elections. now, that happened. congress fails to act by the end of the year, spending cuts and tax increases will kick in, costing average american household about 3700s oodz that would take so much demand out of the economy that we might find ourselves in another recession. >> the labor secretary says nobody wants that.]n'ytlñ our political analyst says there is no deal in the works....
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Nov 9, 2012
11/12
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the head of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's close around 101 points. investors selling stocks. that's after the dow jones suffered more than 120 points. investors concerned about the u.s. fiscal cliff issue. let's switch to currency as well. let's have a look at the currency levels now. 79.50 to 51. euro 101.30. a possible delay in greece receiving financial aid. let's have a look at some of the regions indexes as well. sou south korea's kospi is trading down. toyota motor executives are boosting vehicles. it's said to become the production center. toyota president made the announcement in bangkok during the 50th anniversary ceremoni
the head of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's...
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Nov 9, 2012
11/12
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WBAL
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. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 gov
. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on...
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Nov 9, 2012
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. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to daniel the economy to make their point with republicans. writing, "what should he do?" just say no and go over the cliff if necessary. the president said today he is open to giving in to a point. >> i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i am open to new ideas. i'm committed to solving our fiscal channel. i refuse to accept any approach tha
. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could...
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Nov 9, 2012
11/12
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WMPT
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this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can passot chambers. >> brown: two senators join us now to discuss where things stand-- democrat ben cardin of maryland and republican bob corker of tennessee. senator corker, let's start with you, we heard in that first clip the president say that the vote on tuesday shows that most americans agree with his approach which includes raising taxes on the wealthy. so he right? what's your reading of the election results? >> well, i don't know. i'm not a good reader of election results. but i do think there is a lot of common ground in the senate, sal ofing this problem. and i think that republicans who want to solve this problem and i think that's th
this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can passot chambers. >> brown: two senators...
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Nov 9, 2012
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the congressional budget office says lack of a deal would plunge the economy back into a recession. and it says the unemployment rate would likely rise over 9%. >>> after more ballot counting yesterday, washington has become the third state to approve gay marriage. maryland and maine also approved same sex unions in tuesday's election. minnesota voters rejected a proposed constitutional amendment to ban it. six other states and washington, d.c. have approved same-sex marria marriage. tuesday the first time it passed through a public vote. opponent say they will continue to fight for marriage as being between a man and woman. >>> president obama is claiming victory in florida even though the state they still haven't fin tished counting the ballots. most remaining votes in miami-dade county, leans democratic. the state's largest county had a last minute wave of absentee ballots and the race is too close to call they have to certifies though buys next week. >> got to love florida. >>> speaking of politics we could soon see the next jen ration of the bush political dine street. george p
the congressional budget office says lack of a deal would plunge the economy back into a recession. and it says the unemployment rate would likely rise over 9%. >>> after more ballot counting yesterday, washington has become the third state to approve gay marriage. maryland and maine also approved same sex unions in tuesday's election. minnesota voters rejected a proposed constitutional amendment to ban it. six other states and washington, d.c. have approved same-sex marria marriage....
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Nov 9, 2012
11/12
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MSNBCW
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if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than maker and there's no hope. >>> you know, but instead of rethinking their positions on the issues, they are lashing out at women and minorities. here's rush limbaugh on latinos and the democratic party. >> if it were true that the primary reason that people -- was to work, a democrat party would be the ones building the fence on the border. why do you think the democrats welcome them? why do you think the democrats want amnesty? they know they have them as voters. >>> eugene robinson is joining me. eugene, good to have you with us. just a few weeks before the election i interviewed colonel lawrence wilkerson. this is what he had to tell me before the election. i want your response. >> my party is full of racists. the real reasonable a considerable portion of my party wants president obama out of the white house has nothing to do with the content of his character, nothing to do with his competent, his commander in chief, and everything to do with the color of hi
if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than maker and there's no hope. >>> you know, but instead of rethinking their positions on the issues, they are lashing out at women and minorities. here's rush limbaugh on latinos and the democratic party. >> if it were true that the primary reason that people -- was to work, a democrat party would be the ones building the fence on the border. why do you think the democrats...
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Nov 9, 2012
11/12
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WMAR
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experts say it's understandable, given the economy and stress all ofous are under. >>> a warmer day in comparison to yesterday. miresville, beautiful shot along the appalachian trail. made it in to middle 50s. you are going to crank it to 60. tomorrow the sunset, we are back to dark. dundalk, towards the key bridge, lots of sunshine getting your temperatures up to near 60 degrees, we will bust pass that in to the day tomorrow. maybe a beach day by monday as temperatures could come close to 70 if not surpassing that 71 in to tuesday afternoon. shot downtown b at 5:30, the 5:30 stats, 48% humidity, 33 the dew point. westerly wind, calming down at 5. in terms of this afternoon, up to 56 degrees, should be around 5249 time of the -- 59 this time of the year. temperatures across the state, range from 52 in the city, 54 towards frederick, falling in to the low 50s over the eastern shore, you will see your temperatures going down in to the 30ss tonight, 2 degrees warmer in comparison to 24 hours ago. milder air move in. a southerly wind, getting you temperatures going in to the 60s. at 7:00,
experts say it's understandable, given the economy and stress all ofous are under. >>> a warmer day in comparison to yesterday. miresville, beautiful shot along the appalachian trail. made it in to middle 50s. you are going to crank it to 60. tomorrow the sunset, we are back to dark. dundalk, towards the key bridge, lots of sunshine getting your temperatures up to near 60 degrees, we will bust pass that in to the day tomorrow. maybe a beach day by monday as temperatures could come...
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election comments today about actions needed to avoid the so-called fiscal cliff that could plunge the economy back into resection. the president will ask republicans and democrats to work together. he will speak from the white house at 10:00 this morning, our time, about tax increases and spending cuts that will come automatically if congress doesn't act before january 1st. more coming up in the next half hour. >>> new report shows bay area job market should expand more quickly. the bay area -- job totals should expand by 7.2% overall. professional and business services will grow the most quickly over two years. education and health care are expected to grow by 10%, leisure and hospitality will expand by 9%. the only bay area job losses are expected to come from government agencies. >>> moraga school board president has abruptly resigned hours after winning reelection tuesday. the district superintendent e-mailed parents last night about the resignation, effectively immediately. the school district has been receiving criticism over its handling of a sex abuse lawsuit. kristen cunnane is suing
election comments today about actions needed to avoid the so-called fiscal cliff that could plunge the economy back into resection. the president will ask republicans and democrats to work together. he will speak from the white house at 10:00 this morning, our time, about tax increases and spending cuts that will come automatically if congress doesn't act before january 1st. more coming up in the next half hour. >>> new report shows bay area job market should expand more quickly. the...
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Nov 9, 2012
11/12
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WBAL
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these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest earners. >>> the gunman convicted of wounding congresswoman gabrielle giffords in tucson, arizona has now been sentenced to life in prison without parole. giffords stood by her husband's side as the retired astronaut mark kelly confronted shooter jared loughner and told him he couldn't kill the congresswoman's spirit. loughner had agreed to a plea deal earlier to avoid the death penalty. his january, 2011 rampage killed six people and left 13 others including giffords wounded. >>> chrysler is recalling 745,000 jeep suvs in the united states. the company says it needs to fix a part that can cause the air bags to deploy inadvertently. the recall covers jeep grand cherokee and liberty suvs from model yea
these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest earners. >>> the gunman convicted of wounding congresswoman gabrielle giffords in tucson,...
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in our waeninged economy the nations art funding is at an all-time low. leaving many americans to ask who cares. but here in new york's capital of arts and culture. >> an amazing discovery. >> there is concern because an albany arts institution is under attack and only one man can save it. >> i feel that all art needs to be protected. this is about the rights of the american people. i believe in the constitution. i believe in our country and what our forefathers set forth for us. >> which is life, liberty and the pursuit of happiness. in other words,. >> fully nude, exotic entertainment. >> he is a patron of the art of exotic dance. >> i'm the owner of night moves. >> and you, steven dick, jr., wait, certificate quussly, step endick is your name. >> my real name. >> stephen: all right then, you, steven dick is are a difference maker. (cheers and applause) for years this dick has been providing albany cultural enrichment through his dance theatre night moves. >> i am the last remaining all nude club in albany. >> stephen: but now the community may lose thi
in our waeninged economy the nations art funding is at an all-time low. leaving many americans to ask who cares. but here in new york's capital of arts and culture. >> an amazing discovery. >> there is concern because an albany arts institution is under attack and only one man can save it. >> i feel that all art needs to be protected. this is about the rights of the american people. i believe in the constitution. i believe in our country and what our forefathers set forth for...
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Nov 9, 2012
11/12
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WETA
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there's a lot at stake here on how our economy goes and develops. part of that is pulling mac bitions out of proportion like afghanistan. it's also remembering one thing. we have one unique thing that the chinese and russians don't have. we can lead by emlation. the chinese have to find people the chinese have to bludgenon people -- exponential. >> rose: where does american leadership express itself in terms of going beyond its own borders? david. >> first the old fashion truth is that power does matter and the military does power. filling the space in is asia, we have military presence important that. dealing with iran is the number one issue the next president faces. you got to have some military presence for that. and then finally and i think this goes along with what people have been saying the blur between that and foreign domestic paul z we have lots of countries around the world facing crises. so we all have sort of similar problems whether it's japan, europe, us, even to some extent china which is aging without a welfare state. providing lea
there's a lot at stake here on how our economy goes and develops. part of that is pulling mac bitions out of proportion like afghanistan. it's also remembering one thing. we have one unique thing that the chinese and russians don't have. we can lead by emlation. the chinese have to find people the chinese have to bludgenon people -- exponential. >> rose: where does american leadership express itself in terms of going beyond its own borders? david. >> first the old fashion truth is...
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Nov 9, 2012
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. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled to open in 2014. you can see the line of car headlines coming out of this parking lot and they're expect to have 200,000 people visit by the end of the weekend. >> walnut creek police are looking for two men who kidnapped a 57-year-old woman, stole her money and left her tied up in oakland. police say the woman was forced into her own car outside the shadeland's park office. they said the two men blindfolded and bound the woman then withdrew money using her atm card. the man left the victim tied up. >> looking into a number of feeds, security camera footage from a number of locations. >> reporter: police describe the syste
. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled...
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Nov 9, 2012
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this ye
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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Nov 9, 2012
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LINKTV
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today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
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it all sort of takes energy out of the economy and so at the end of the day they're going to do this short term remedy but it leaves us with an even larger government compared to the size of the private sector and it's just all bad news for the economy but what i'm amazed it is suddenly this if this fiscal cliff appeared the day after election day right and it must have been i have been there right it's been there for a decade now right right so then my question to you mike ok people may not agree on the solutions in the fiscal cliff they may not agree on not extending these these tax cuts they may not agree on these particular spending cuts that are from the sequester ation but one going off the fiscal cliff at least start to chip away at this cancer even if we can agree on this being the best solution to do that yes it would i would argue that we did step off the fiscal cliff and we've been in freefall ever since the bush tax cuts and we passed medicare part d. back in two thousand and one to two thousand and three is when all of these events that took place that created this cliff
it all sort of takes energy out of the economy and so at the end of the day they're going to do this short term remedy but it leaves us with an even larger government compared to the size of the private sector and it's just all bad news for the economy but what i'm amazed it is suddenly this if this fiscal cliff appeared the day after election day right and it must have been i have been there right it's been there for a decade now right right so then my question to you mike ok people may not...